The Maryland Small Business Financing Authority (MSBDFA) provides financial support to small businesses in Maryland, with a focus on helping socially and economically disadvantaged entrepreneurs. It offers a range of funding solutions, including loans, lines of credit, equity investments, loan guarantees, and surety bonds. MSBDFA is designed to assist businesses that struggle to secure traditional financing, promoting their growth and sustainability across the state.

Fulton Bank’s Diverse Business Banking Program offers tailored financial solutions to minority, women, veteran, and LGBTQ business owners. The program emphasizes access to capital through flexible loans, lines of credit, and SBA products. By offering customized banking services and banking community partnerships, this program aims to empower underserved entrepreneurs and support sustainable business growth across the communities it serves.

M&T Bank offers specialized support for minority-owned businesses, focusing on access to capital, strategic planning, and fraud prevention. Their initiatives are designed to empower diverse entrepreneurs with tools and resources for sustainable growth and long-term success within their communities.

Harbor Bank is committed to empowering small and minority-owned businesses by bridging gaps in access to capital and providing essential support. Through strategic advisory services for minority and women-owned businesses, along with long-term financial guidance for entrepreneurs, investors, and nonprofits, Harbor Bank fosters sustainable growth and economic empowerment within the communities it serves.

PNC established the Minority Business Development Group in an effort to deliver products, solutions, and resources for the fast-growing area of minority owned small businesses and to promote their effective growth, development, and sustainability. The Minority Business Development Group offers business owners the expertise of dedicated bankers, advocacy partners, and technology designed to empower, educate, and accelerate success. To fund this plan, PNC has pledged to use a portion of their $88 billion Community Benefits Plan to support the Minority Business Development Group’s work to bolster economic opportunity. Through this, at least $26.5 billion in loans is going towards small, low to moderate income, minority, women, and veteran owned businesses.

The Governor’s Office of Small, Minority & Women Business Affairs aims to enhance economic opportunities by supporting these businesses in securing state contracts. This office connects the small business community to greater economic opportunities while implementing and monitoring small, minority, women, and veteran preference procurement programs across 70+ state agencies and departments.

Baltimore City’s M/WBE Certification, overseen by the Mayor’s Office of Small and Minority Business Advocacy & Development (SMBA&D), promotes economic equity by supporting businesses owned and operated by minorities and women. This certification provides access to city contracts and competitive opportunities, helping businesses grow while ensuring compliance with participation goals in the procurement process.

The Maryland Governor's Workforce Development Board (GWBD) serves as the state’s primary policy making entity for workforce development. It is a business led initiative that unites leaders from the government, education, labor, nonprofits, and the private sector to address the workforce challenges of the 21st century. The board focuses on aligning various education, training, and employment programs to build a workforce that meets employer demands while creating opportunities for all Marylanders to succeed.

The Baltimore City Mayor’s Office of Small and Minority Business Advocacy & Development (SMBA&D) promotes equitable opportunities by supporting small and minority-owned businesses through outreach, advocacy, training, and access to city contracts. It ensures compliance with minority and women-owned business participation goals, manages certification processes, and investigates contracting violations. These efforts aim to empower businesses to compete effectively while contributing to the city’s economic development efforts.

The Maryland Department of Transportation (MDOT) offers several certifications to support small and minority-owned businesses, including MBE, DBE, ACDBE, and SBE. These certifications help businesses access state and federally funded contracting opportunities, ensuring fair competition and promoting economic growth. The certification process involves submitting a detailed application, meeting eligibility criteria related to ownership, control, and personal net worth, and undergoing a review. These certifications open doors to business growth and ensure access to procurement opportunities across Maryland.